Tax Time

It's that time of the year again, Tax-Time it's just around the corner.

 

Don’t put it off or file it in the too hard basket, start now with our,

 

6 Top Tips!

  1. Getting ready is about getting your ‘house’, Business in order. Start by organising your paperwork.  If you have a 'shoe-box' or bottom drawer full of unsorted papers now is the time to start sorting and filing.   
  1. A stress-less tax time is all about good record keeping. You need to account for every dollar that comes in and out of your Business! Make sure you have the ‘evidence’ to back your claims!
  1. Missing copies of claimable receipts or expenses records, follow-up now to avoid panic later.     
  1. Working from home, remote flexi arrangements, keep copies and record any related expenses for 'end of year' deductible claims. 
  1. Have you checked if there are any Government incentives and initiatives for small Business?  Have you received any concessions? If so, are there reportable implications!
  1. Do you have any questions regarding your Taxation obligations, not sure what a legitimate claimable expense is or are needing help with bookkeeping, payroll systems and processes! Contact Blackburn Accounting, we are 'Your Family Business Specialists'.